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Assuming a firm's current ratio is currently 2.0, which of the following actions will increase the firm's current ratio? a) purchasing inventory with cash b)
Assuming a firm's current ratio is currently 2.0, which of the following actions will increase the firm's current ratio?
a) purchasing inventory with cash
b) purchasing inventory with short-term credit
c) paying off a short-term bank loan with a long-term debt
d) a customer paying a ill from a recent credit sale to the customer
e) all of the other response options will increase the current ratio
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